Housing affordability best in four years

Tuesday May 20, 1:23 pm ET By Les Christie, CNNMoney.com staff writer

With prices crashing around the nation, home price affordability has improved dramatically in many U.S. cities.
As a result, 53.8% of all new and existing homes sold nationwide during the first three months of 2008 were affordable to families earning the median household income of $61,500, according to the latest Housing Opportunity Index released Tuesday by Wells Fargo and the National Association of Home Builders (NAHB). Read more...

My Commentary:
If you have been sitting on the fence waiting for prices to fall even lower, NOW is the time to beat the crowd. When the crowd gets out there, the best deals will already have been snapped up. The remaining sellers will be much tougher on helping you with your downpayment and closing costs. Remember just a few years ago, everyone was frantic to buy a home, like it was the last train out of town, even a crappy fixer upper at crazy prices. Don't let that happen to you this time.

Find homes for sale from ALL Real Estate Companies that match you are looking for here.

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Have a great day,

Richard